United Kingdom
United States
Asia Pacific
Abercrombie & Kent hails $500 million funding boost
Abercrombie & Kent Travel Group just announced a major financial boost to fuel its continued expansion.
It has bagged $500 million in financing underwritten by Citi.
The funding is part of the ‘One A&K’ strategy, which aims to unify all areas of the business and enhance the end-to-end product experience for consumers.
Abercrombie & Kent will now invest in expanding its owned assets globally.
This will lead to establishing new destination management companies (DMCs) and physical assets such as camps, lodges, and riverboats,
These will come in existing and new markets.
New DMCs are already planned in Mexico and Indonesia this year.
Abercrombie & Kent’s currently has 56 offices in 34 countries.
A new riverboat will launch in Peru next year, joining the company’s current fleet of four riverboats in Egypt, and three expedition yachts in the Galápagos Islands under the Ecoventura brand.
A & K also has 12 camps and lodges in Africa, with a another slated to open next year in Kenya’s Amboseli.
The company is also investing in its back-office systems with a new Abercrombie & Kent global website, centralised booking system and travel advisor portal planned.
Cristina Levis, AKTG CEO said: “Our finance team did a tremendous job in negotiating and securing this transaction in record time. Once again Citi has shown to us that they believe in our vision and in the enormous growth potential.”
Related News Stories: Abercrombie & Kent – TravelMole New expedition yacht to launch in Galapagos Viewing the Northern Lights in Michigan Crystal reveals new travel advisor booking engine Ambassador Cruise Line opens North America office Woman dies after getting ‘entangled’ in baggage carousel Freedom Monument Sculpture Park set to open Cruise Archives – Page 95 of 899 – TravelMole The culinary resurgence of South Lake Tahoe Seabourn adds extra Antarctica sailing for 2026
Related News Stories:
Learn more about : Abercrombie & Kent ( United Kingdom )
TravelMole Editorial Team
Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
Dana Young of Visit Florida at WTM 2024
Patrick Harrison on Tampa Bay Tourism’s Resilience and Marketing Strategy
Bubba O’Keefe on Clarksdale’s Vibrant Music Scene
Commemorating Elvis and Embracing Tupelo’s Culture with Jennie Bradford Curlee
Craig Ray and the Expansion of the Blues Trail
Presenting Mississippi’s Cultural Trails with Katie Coats
Robert Terrell: A Journey Through BB King’s Influence
Rochelle Hicks: Celebrating Mississippi’s Musical Legacy
Exploring Jacksonville with Katie Mitura: The Flip Side of Florida
Tricia Handley-Hughes of Inteletravel announces the location for the TravelQuest 2025 conference
Insights from James Ferrara on Inteletravel’s Growth and Future
Tricia Handley-Hughes on Inteletravel’s Growth and Challenges
Foreign Office issues travel advisory for winter sun destinations
Thomas Cook acquired by Poland based eSky Group
Flight attendant assaulted in Heathrow hotel room during layover
Cruise ship hot tub health warning issued
Cruise ship crew member jailed for 30 Years